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AlanSantana
Jan 9, 2021 9:28 PM

Litecoin (LTC) LongTerm Chart Fully Mapped ($222.22 Next Target) Long

Litecoin / U.S. dollarBitstamp

Description

I don't know if you looked at my previous chart for Litecoin, LTCUSD, but the view stays the same... You can find them below: tradingview.com/u/alanmasters/

A strong resistance level has been taken out last week which is the peak from June 2019.

This week we can easily appreciate strong bullish action.
The week is likely to end on a positive note.

The way things are looking, we are likely to experience even higher prices.

I've mapped the next potential targets for you on the chart above.

All the Fib. levels are "potential targets" but the ones marked with the magenta dashed lines are the stronger/most relevant ones.
The blue dashed lines are for support.

The RSI is hitting really high but not its highest yet.
Back in December 2017, when LTCUSD hit its ATH the RSI was higher.

This is a simple signal but can tell us that there is room for additional growth.

The MACD shows something similar.

Please hit LIKE and leave a comment with the altcoins/pairs you would like for me to look at next.

Thanks a lot for reading.

Namaste.
Comments
AlanSantana
Thank you guys for your comments.

@Super4433, @aeonmiguel, @Gorgola, @cryptotraderog, @Babenski
Babenski
good job very potenial 👌
Jrehman
Hi Alan, can you please update on this? I see it continuously dropping, is it a correction?
AlanSantana
@Jrehman, Yes, a strong one.
jarsonintlrec
Lookin' very tasty
Myrmidonas
in LTC we trust!
cryptotraderog
Great analysis. Keep up the great work!
Gorgola
$222.23
aeonmiguel
Prompt update as always, thank you!
CryptoCrawdad
i think i'll make this my own
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